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Buy, Inc. (AMZN) On Pullback, Says Brian Kelly, Inc. (NASDAQ:AMZN) may be rallying because of its most recent earnings call but Brian Kelly says that investors should be wary of buying the stock at the moment.

The better time to buy the, Inc. (NASDAQ:AMZN) stock is when there is a pullback, Kelly says in a discussion with other traders on CNBC’s Fast Money.

“The only thing that worried me was that they have a lot of competition and now that that has been broken out, and the fact that it is growing so fast, it is going to come into play here. I’m saying that only because the stock is up so much in afterhours so tomorrow morning, do you go buy it? No you don’t. But if you get some pullback – somewhere to the $400 [per share] level, and everybody is running around with their hair on fire – that is when you buy Amazon,” Kelly tells colleagues Guy Adami, Melissa Lee and Tim Seymour.

As for Seymour, he says that when you look at the numbers put out recently by companies,, Inc. (NASDAQ:AMZN) is not performing well just because the bar for the company was set so low. The Internet commerce giant was expected to post losses in the most recent quarter.

However, it was also expected to be more transparent – particularly with the performance of its business units such as Amazon Web Services (AWS) – which the company did. The performance of AWS has pleasantly surprised other analysts such as Daniel Ernst.

According to Seymour, the case with, Inc. (NASDAQ:AMZN) is that it showed some margin improvement last quarter and that they actually that they could start to focus a little bit on the core business. The company being led by its founder and CEO Jeff Bezos showed this most recent quarter, Seymour continues, that they can follow up on what they started to show in the last quarter.

“When you look at the stock on the chart, it has been consolidating at around $380 [per share] really since that announcement. It looks like it is poised to break out and again, the numbers that everyone wanted to see – topline growth, better margins – [were seen],” Seymour says.

Guy Adami agrees saying that the fact that operating margin was so much better is encouraging and that even though he also sees the stock as “expensive” which has been an argument for a while, he also thinks the stock “can go higher even from here.”

 Amazon, is AMZN a good stock to buy, NASDAQ:AMZN, Guy Adami, Tim Seymour, Brian Kelly, Melissa Lee, breakout, analysis,

Ken Fisher’s Fisher Asset Management owned about 2.42 million, Inc. (NASDAQ:AMZN) shares by the end of the last quarter of last year.

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